Aspen shares surge 15% after announcing placement

Singapore

SHARES in Catalist-listed Aspen (Group) Holdings rallied 15.1 per cent or four Singapore cents to S$0.305 by the closing bell on Monday, after it announced a proposed placement to raise up to S$23.8 million.

Some 121.4 million shares changed hands, making it one of the most heavily traded counters on the Singapore bourse for the day.